The coal-mining company Drummond announced that it is ready to explore unconventional natural gas in the departments of La Guajira and Cesar. The has firm signed four contracts with the National Hydrocarbons Agency (ANH).
Francisco José Lloreda, president of the Colombian Petroleum Association (ACP) said that exploration should be encouraged, and for this to happen it is essential to overcome legal uncertainty.
Representatives of Shell (LON: RDSB) and Anadarko (NYSE: APC) were present at the ExpoBarranquilla 2017. They talked about their perspectives and the companies’ plans in the Colombian Coast. Anadarko announced that it had selected the city as its base.
Concerns in the private sector are growing because of recent popular referendums against mining and oil projects in the country. Several municipalities have announced their intention to carry out popular consultations that could affect the development of the mining and oil sector.
There are many offshore projects to develop in the Caribbean Sea and it has attracted the attention of many cities to invite companies to their territories. Oil firms are already starting to choose where to set up their facilities.
Ecopetrol (NYSE: EC) wants to start recovering the reserves lost because of the oil crisis and low exploration in recent years. The company has high expectations for two wells.
There is optimism about the sector’s performance this year. Oil companies announced good financial and operational resultsduring 1Q17, and Colombian authorities hope to see better results in coming quarters.
Fifteen municipalities located in Bolivar and in 10 municipalities of Córdoba, were identified as potential oil producing areas.
The Colombian Association of Oil Engineers (Acipet) organized a breakfast to give the press “objective, technical and clear information about Hydraulic Stimulation in producingrockreservoirs in Colombia”. HCC was present at the event; we bring a brief summary of the meeting.
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